XRP has experienced a dramatic shift on Coinbase, with on-chain data showing a staggering 90% decline in the exchange’s visible holdings over the past 90 0 to a report highlighted by crypto analyst Del Crxpto on X, Coinbase’s XRP reserves have plunged from roughly 970 million XRP to about 99 million XRP, sparking intense debate about what might be driving the move and what it could mean for the market. A Sharp Drop in Exchange Reserves Blockchain tracking platforms reveal that Coinbase once maintained dozens of cold-wallet addresses holding close to 970 million 1 mid-September, that number had collapsed to a handful of wallets—estimated at just six—collectively holding around 16.5 million XRP 2 reduction in visible supply represents the headline 90% decline. $XRP Analysis: Over the last 90 days the supply of $XRP on @coinbase has fallen from 970,000,000 – 99,000,000 $XRP.
No one is ready for what comes next. — Del Crxpto (@DelCrxpto) September 15, 2025 Understanding the Transfers The blockchain does not indicate that all of this XRP was sold. Instead, it records large, sustained transfers from Coinbase’s cold storage to external 3 caution that these flows could reflect a range of possibilities: institutional re-custody, over-the-counter (OTC) deals, internal wallet restructuring, or transfers to third-party 4 final destinations are often opaque, the data cannot confirm whether these movements are bullish or bearish for XRP’s 5 the Decline Matters Visible exchange reserves are a key measure of market liquidity and potential selling 6 an exchange’s on-chain balance drops sharply, it can signal two very different 7 one hand, a shrinking reserve might mean less immediate sell-side supply, potentially supporting 8 are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 On the other hand, it could indicate that major holders are repositioning assets off-exchange, which might have little effect on actual market liquidity but can unsettle 9 way, the scale of this drop is significant and could amplify price volatility if new market pressure 10 Comes Next For now, the market is left with more questions than 11 key takeaway is that major XRP flows are underway, and the true impact will depend on how these assets are ultimately 12 are closely monitoring destination addresses, additional transfers, and any forthcoming statements from Coinbase or large custodial 13 Del Crxpto noted, “no one is ready for what comes next,” underscoring the heightened uncertainty surrounding XRP’s near-term 14 remarkable contraction of Coinbase’s XRP holdings may prove to be either a short-term liquidity shuffle or an early sign of a deeper structural 15 more clarity emerges, traders and investors will be watching the blockchain—and Coinbase’s next moves—with keen 16 : This content is meant to inform and should not be considered financial 17 views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s 18 are urged to do in-depth research before making any investment 19 action taken by the reader is strictly at their own 20 Tabloid is not responsible for any financial 21 us on Twitter , Facebook , Telegram , and Google News
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